Hexcel Co. (NYSE:HXL) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Hexcel Co. (NYSE:HXLFree Report) by 96.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,393 shares of the aerospace company’s stock after acquiring an additional 13,921 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hexcel were worth $1,850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HXL. CENTRAL TRUST Co raised its position in shares of Hexcel by 68.1% in the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock valued at $29,000 after buying an additional 179 shares during the last quarter. Creative Planning acquired a new position in shares of Hexcel in the third quarter valued at approximately $30,000. Farther Finance Advisors LLC raised its position in shares of Hexcel by 100.0% in the second quarter. Farther Finance Advisors LLC now owns 412 shares of the aerospace company’s stock valued at $31,000 after buying an additional 206 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Hexcel in the second quarter valued at approximately $31,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Hexcel in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 94.71% of the company’s stock.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Thierry Merlot sold 4,500 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the transaction, the insider now owns 50,371 shares in the company, valued at $3,608,074.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Gina Fitzsimons sold 864 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the sale, the insider now owns 3,375 shares in the company, valued at $243,337.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the sale, the insider now owns 50,371 shares in the company, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company’s stock.

Hexcel Price Performance

NYSE HXL opened at $70.99 on Monday. The company has a 50 day simple moving average of $71.91 and a 200-day simple moving average of $69.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 1.62 and a beta of 1.23. Hexcel Co. has a 52-week low of $58.81 and a 52-week high of $79.08.

Hexcel (NYSE:HXLGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The aerospace company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $457.50 million for the quarter, compared to the consensus estimate of $474.01 million. Hexcel had a net margin of 5.91% and a return on equity of 9.31%. Hexcel’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. Equities research analysts predict that Hexcel Co. will post 2.25 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from Hexcel’s previous quarterly dividend of $0.13. Hexcel’s dividend payout ratio (DPR) is presently 48.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Hexcel in a research report on Wednesday, February 21st. Wells Fargo & Company upped their price target on shares of Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. UBS Group lowered shares of Hexcel from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $87.00 to $72.00 in a research report on Tuesday, January 30th. StockNews.com lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Truist Financial upgraded shares of Hexcel from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $96.00 in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average target price of $77.46.

Read Our Latest Stock Analysis on HXL

Hexcel Profile

(Free Report)

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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